Banks
RBI clarifies on NABARD Circular
Under fire from all sides on the issue of controversial Nabard Circular the RBI clarified that its guidelines are not...
Read moreCo-op bank association plan protest
The NABARD move reducing primary agricultural cooperative societies to the status of business correspondents has yet to stop provoking an...
Read moreUCBs should beware of nepotism!
There is revelation that urban cooperative banks are practicing favouratism and nepotism in giving donations to trusts and institutions. Angered...
Read moreCredit cooperative schemes under SEBI’s scanner
Several unauthorised credit cooperative schemes are under SEBI scanner after discovery of the fact that they promise to double the...
Read moreRBI advocates four tire banking structure
As per a discussion paper recently circulated by the RBI, the country should have a four tier banking structure. The...
Read moreRBI gives co-op bank license to Jharkhand
Jharkhand will finally have the cooperative Bank after the struggle of 12 years. RBI representative handed over the license for...
Read moreAhmedabad Municipal Co-op bank’s directions extended
The period of Directions imposed on Ahmedabad based Municipal Co-operative Bank has been extended. The apex bank had first imposed...
Read moreRupee Bank finds a suitor in Saraswat?
Pune based Rupee cooperative bank may have found a suitor in the largest urban cooperative bank of India Saraswat Bank. Though...
Read moreNagrik Sahakari Bank, Indore penalized
The Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on the Nagrik Sahakari Bank based...
Read moreHope revives for Amanath Co-op Bank
The beleaguered Amanath Cooperative Bank is likely to be taken over by Canara Bank. The latter has asked a chartered accountancy firm to collect details about the former's assets and liabilities. ...
Read moreRupee co-op bank trouble continues
The Reserve Bank of India has extended the validity period of directions imposed on Rupee Co-operative Bank based in Pune,...
Read moreRBI wants politicos away from co-operatives
In response to a directive from the RBI the Punjab govt. has decided to begin a process that would prevent...
Read morePolice asks co-op banks to install CCTV
A high incidence of thefts in district cooperative banks in Tamil Nadu has prompted the police to ask the banks...
Read moreProtests against Nabard circular continue
Nabard’s circular on PACS has begun meeting with a growing chorus of disapproval from cooperative banks and other cooperative organisations. ...
Read moreMahesh Bank’s 36th Foundation Day
A P Mahesh Bank,an urban cooperative bank headquartered in Hyderabad is a bank to reckon with. Recently it celebrated its...
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